Natural Gas Fundamental Analysis December 27, 2012 Forecast

Analysis and Recommendations:

Natural Gas climbed today to trade at 3.425 adding 0.046 cents as the US was blanketed with snow and freezing temperatures.  Weather forecasts for the next 7 days that should boost gas demand by forcing homeowners and businesses to crank up their thermostats. After mild December weather pressured the front month to a 2-1/2-month low at mid-month, traders noted heating demand was picking up with falling temperatures, first in the Midwest and now in the East. While the next 10 days are likely to remain below normal for most of the country, traders said some forecasters were looking for a warm-up in the 15-day outlook. Unless the cold is sustained, most traders agree it will be difficult for gas prices to move much higher with inventories still at record levels for this time of year and production flowing at or near an all-time peak. Thursday’s weekly inventory should help traders see where to price gas in the short term.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

Economic Data December 26, 2012 actual v. forecast

Markets were closed on Christmas day and there were no economic releases or major data reports.

WEEKLY

• Natural Gas Weekly Update
  Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time)
• Weekly Natural Gas Storage Report
  Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)

 

Upcoming Economic Events that affect the CHF, EUR, GBP, CAD and USD

Government Bond Auction

Date Time Country 

Dec 27 10:10 Italy  

Dec 28 10:10 Italy